Today we will analyze the stock TOPWAY (002238.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in TOPWAY (002238.SZ)
1- Last bullish trend was from 16.72 $ (3/15/2012) to 17.60 $ (3/19/2012) a 0.88 $ move 2- The current bearish trend started from 17.60 $ at 3/19/2012 and is currently trading at 16.08 $.
3- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
TOPWAY (002238.SZ) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Bottom Pattern at 16.720 that failed and formed a resistance.
5- The Stock was resisted by a resistance line, identified by two points: 17.600 and 17.800, and is currently resisting at 17.240.
TOPWAY (002238.SZ) Mid term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 17.800 and 18.300, and is currently resisting at 17.611.
TOPWAY (002238.SZ) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 17.800 and 18.300, and is currently resisting at 17.611.

Stock Trading Conclusion:
TOPWAY (002238.SZ) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 16.44, 16.66, 16.69, 16.84, 17.02, 17.24, 17.60, 17.61, 17.82.
Stock Support levels :.